Micropolis Holding Co (NYSEAMERICAN:MCRP) Shares Shorted: Short Interest Down 81.0% in October

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 43,708 shares, a decline of 81.0% from the September 30th total of 230,125 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 376,745 shares, the days-to-cover ratio is currently 0.1 days.

Micropolis Trading Up 3.3%

MCRP opened at $0.41 on Tuesday. The firm has a fifty day moving average price of $0.79 and a 200 day moving average price of $2.04. Micropolis has a 1 year low of $0.36 and a 1 year high of $4.62.

Institutional Investors Weigh In On Micropolis

A hedge fund recently bought a new position in Micropolis stock. Renaissance Technologies LLC acquired a new stake in Micropolis Holding Co (NYSEAMERICAN:MCRP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,307 shares of the company’s stock, valued at approximately $42,000.

About Micropolis

Micropolis is a technology company focused on autonomous mobility and smart transportation solutions. Its business centers on developing electric, self-driving vehicles and the software systems needed to operate and manage autonomous fleets.

The company’s platform is designed for controlled or defined environments, such as campuses, resorts, airports, planned communities, and other urban or commercial settings. Its solutions are intended to support passenger transportation, last-mile mobility, and potentially logistics applications through a combination of autonomous vehicles, artificial intelligence, sensors, and fleet-management technology.

Micropolis is working to commercialize its mobility systems through partnerships and deployments in suitable operating environments.